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Bitcoin

A decentralized open-source digital currency.

Fault tolerance

PoW is vulnerable to a “51% attack”. Whoever has 51 percent or more of the network’s computing power can manipulate the blockchain to their advantage.

Performance

Performance on public blockchains utilizing PoW are orders of magnitude less than permissioned or private blockchains running other consensus protocols.

Industry use case

Digital currency.

What’s next?

Start today with a Global or Dedicated Bitcoin node.

ConsensusProof of Work (PoW)
Public / Private / PermissionedPublic
Smart contractsNo
Transaction privacyNo
Transaction visibilityAll participants have access to all entries ever recorded.
Transaction orderingTopological ordering from the perspective of transaction outputs.